
© Jason Connolly/AFP via Getty ImagesFarmer plows his field in agricultural town of Eaton, Colorado. 77% of the town's registered voters cast their ballots for Trump in 2016.
China's
tariffs targeting President Donald Trump's rural base have boomeranged with farm income hitting a 5-year high of $88 billion and in the top 30 percent after inflation.
China was very aware the key to Trump's 2016 presidential victory was the 11 percent collapse of Democrat voting in rural districts that fell from 45 percent in 2008 to 34 percent in 2016. The only demographic Hillary Clinton won was metropolitan cities with over a million population that she won by 55.4 percent to Trump's 40.1 percent.
As documented by a recent study from the National Bureau of Economic Research,
China used targeted trade war tariffs to specifically interfere with the political outcomes of the U.S. House of Representatives 2018 midterm elections. The NBER
demonstrated that tariffs focused on U.S. election competitive "
battleground" counties and caused "3.8 percentage point decline in consumption growth" in 2017 and 2018.
The U.S. media has relentlessly highlighted
U.S. Courts Chapter 12 data for the 12-month period ending September 2019 that reported
farm bankruptcies totaled 580 filings, up 24 percent from the prior year and the highest level since 676 filings in 2011.
The American Farm Bureau Federation did report that U.S. agricultural exports declined by about 5 percent to $78.5 billion in the twelve months through July 2019.
But the Trump administration's $117 billion in U.S. tariffs is funding $33 billion of trade tariff assistance, disaster assistance, farm bill and insurance indemnities that will flow to farmers and ranchers by year-end. As a result,
Chapter 12 bankruptcies decreased by 2 percent in the third quarter of 2019.
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